Medical Resident Loan Refinancing Rates & Terms

The payment examples below assume the APR, monthly payment and total payments during the life of a $100,000 private loan at the end of the residency period with a single disbursement. All medical resident loan rates below are shown with the AutoPay Discount (0.25%). There are no application or origination fees, and no prepayment penalties.

For variable rate loans, the current index rate is 2.33% and may change monthly. The current index for variable rate loans is derived from one-month LIBOR, thus changes in the LIBOR index may cause your monthly payment to increase. 5, 7, and 10 Year terms are capped at 8.95% APR, 15 and 20 Year terms are capped at 9.95% APR to the extent permitted under law.

Your actual interest rate may be different than the medical resident loan interest rates in these examples and will be based on term of loan, your financial history, and any other factors. State restrictions may apply.

The minimum monthly payment of $100 while in residency period, may not pay all of the interest due each month, which will likely result in negative amortization during the residency period.

Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (www.nmlsconsumeraccess.org)

✝ To check the rates and terms you qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.